Bob and Joyce Are Married,file a Joint Return,and Have One

question 139

Multiple Choice

Bob and Joyce are married,file a joint return,and have one dependent child,Dane,age 9.Bob has earned income of $72,000.Joyce was a full-time student (for nine months) with no income.They paid a qualified day care center $4,000.What amount of child and dependent care credit can Bob and Joyce receive?

• A)$450.
• B)$600.
• C)$800.
• D)$1,200.

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Definitions:

Marginal Product

The additional output that is produced by adding one more unit of a specific input, keeping other inputs constant.

Package Store

A retail store that sells bottled or packaged alcoholic beverages for consumption off the premises, commonly found in some regions of the United States.

Derived Demand

The demand for resources (inputs) that is dependent on the demand for the outputs those resources can be used to produce.

Inputs Demand

The desire or requirement for factors of production, like labor and capital, that businesses need to produce goods or services.